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TEVA Teva Pharmaceutical Industries Ltd

14.08
0.00 (0.00%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Teva Pharmaceutical Industries Ltd NYSE:TEVA NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 14.08 14.16 13.96 14.15 7,051,252 01:00:00

FDA Rejects Antares' Application for Generic Migraine Drug

26/01/2015 1:10pm

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   By Angela Chen 
 

Antares Pharma Inc. (ATRS) said the U.S. Food and Drug Administration denied its abbreviated new drug application for its generic migraine treatment.

The agency's complete response letter detailed labeling revisions and minor deficiencies, Antares said. A representative for the FDA wasn't immediately available for comment.

Abbreviated new drug applications are submitted for new generic drugs. If approved, the migraine treatment, called Sumatriptan Injection USP, would be Antares' first abbreviated new-drug application approval and the second one approved from its auto-injector platform.

New Jersey-based Antares focuses on self-administered drugs delivered through technologies such as its auto-injector.

If approved, Teva Pharmaceutical Industries Ltd. (TEVA) will distribute Sumatriptan Injection USP and share profits equally.

Shares of Antares, which were inactive premarket, have declined about 49% in the past 12 months through Friday's close.

Write to Angela Chen at angela.chen@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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